JAIPUR: The Rajasthan State Industrial Development and Investment Corporation (RIICO) has received close to 800 applications for 465 industrial plots across approximately 294 acres, valued around Rs 550 crore. These plots are available under RIICO’s direct allotment scheme aimed at MoU holders from the Rising Rajasthan investment summit.
Officials reported that the Kankani Industrial Area in Jodhpur saw the highest number of applications, totaling 267. To enhance occupancy rates in less utilized industrial zones, RIICO has revised its flexible land lease and rental policies.
According to the new provisions, industrial plots in areas that achieved less than 25% allotment after two attempts will now be offered at a rate of 60% of the current market rate or the reserve price, whichever is higher.
In the ninth phase of applications, there were 25 submissions for 22 plots at the concessional 60% rate, with the Ajaymeru Palra Extension in Ajmer generating the most interest. In the ongoing tenth phase, applications for underutilized industrial areas have significantly increased to 113.
